The Difference Between the Monthly Payments on a $120,000 Home

question 32

Multiple Choice

The difference between the monthly payments on a $120,000 home at 6 ½% and at 8% for 25 years is (use the table in the handbook) :

• A) $81.12
• B) $151.02
• C) $115.20
• D) $91.12
• E) None of these

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Definitions:

Dosages

The prescribed amount and frequency of medication intake or drug administration.

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To determine or estimate a number or value after considering various factors or performing mathematical operations and equations.

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To change something into a different form, function, or state.

Divisor

A number by which another number is to be divided.